Entries are the easiest part in trading. The hard work is done on the higher timeframes. We will now use the HTF Context Areas we found to look for trade entries.
We can now look at the 2 different Entry Patterns.
Now we can look at when to take these entries. For this we will use both the HTF and LTF Time.
Instead of using LTF Time, as in Sessions or Killzones, we can also use a Volatility Calculator to determine the best times to trade a certain pair.
Now that we know when to trade, we can now cover the 2 Entry Patterns in more depth.
We will now need "Timeframe Alignment" in order to use our Entry Patterns correctly.
Lastly we will define our Risk Management rules, to make sure that we are trading with good risk habits.
To end it off we can now do a Case Study on our Entries to gain a better understanding.
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In the last episodes we covered FLOD/OD/LLOD. We covered which of these areas we can trade off of and at what times. Now we can use this to find out Context Areas.
What is Context? We have 2 types; Usual and Unusual Context.
In the last few episodes we have focused on how to determine the Bias/Direction in the market. Now we need to look at how to find the Narrative in order to trade in our Bias direction.
Narrative is the PD Array that can drive price towards our Draw on Liquidity.